Record-Breaking Revenue and Growth
Real Brokerage reported a record first-quarter revenue of $354 million, a 76% increase compared to $201 million in the prior year, driven by a 77% increase in the number of transactions closed.
Strong Agent Growth
The company ended the first quarter with 26,870 agents, a 61% increase from the prior year, and further added over 800 agents since the start of the second quarter.
AI Integration with Leo CoPilot
Real transitioned all inbound agent support calls to Leo CoPilot, making it one of the first brokerages to automate its primary support layer with AI. This is part of a broader strategy to increase agent productivity and operational efficiency.
Growth in Ancillary Businesses
High-margin ancillary businesses, including mortgage, title, and Real Wallet, grew by a combined 50% versus the prior year, contributing significantly to margin expansion.
Improved Financial Metrics
Gross profit increased by 63% to $33.9 million, and adjusted EBITDA improved to $8.3 million from $3.6 million in the first quarter of 2024.